I am not going to post a chart of EURUSD today. It just a pain to be stucked in the range 1.1290/1.1360 and and we all know that big data often change nothing at the end of the day when everyone is awaiting the print. Euro has been trading at 1.13 for what feels like forever. Slowly but surely even ECB members are wondering wether inflation is a problem but rate differentials and prospects of faster tapering and rate hikes should support the Dollar for the time being.
Anyway the expectations on the CPI print are already very high (6.8% YoY). So far the strength of the Dollar in the last 24 hours could reverse again this afternoon with weaker data. That leaves room for active traders looking to fade exaggerated moves.
Next week is full of central bank meetings and I recommend you to save the following link: fxdesk.de (Of course I will update the calender on time for 2022!)
Good luck,
Sebbo